|Bid||36.70 x 100|
|Ask||36.83 x 100|
|Day's range||36.73 - 36.81|
|52-week range||35.72 - 37.46|
|PE ratio (TTM)||N/A|
|Expense ratio (net)||0.40%|
Scoreboard November has been difficult for high-yield bonds, but investors can protect themselves from the worst. Two large high-yield exchange-traded funds—SPDR Bloomberg Barclays High Yield Bond (JNK) and iShares iBoxx $ High Yield Corporate Bond (HYG)—are down 1.5% this month, while the Standard & Poor’s 500 index is still clinging to gains. Year to date, the ETFs are up nearly 5%, while the index is up more than 16%.
Searching for a signal in the high-yield bonds hiccup? Perhaps it's nothing more than investors growing nervous about valuations after big gains.
Credit markets are flashing an early warning about financial conditions and the economy, but strategists say it's not yet time to bail on the bull market.
The S&P is less than one percent from its historic high of early last week, but elsewhere the declines have been more notable.
A slide in junk bonds is rippling across the markets Thursday, helping push stocks lower and stoking a bout of market volatility.
Bitcoin is providing fireworks yet again, drawing oohs and aahs from traders who have moaned about the S&P 500’s lack of volatility. Is there anything that tops the enthusiasm for the cryptocurrency? Yes, ...
Over the past decade, high-yield bonds have rewarded investors very nicely. The Bloomberg Barclays index that tracks U.S. corporate high-yield bonds has a 10-year annual return of 7.86%. Investors, however, need to think about whether these bonds will continue to perform this well and whether high yield will remain a proxy for stocks.
"Over time, covenant quality is worst when the high-yield spread-versus-Treasuries is narrow and when new-issue volume is high," the long-time market observer writes in a client note. "The bottom line is that covenant strength deteriorates when market conditions are most favorable for issuers." In addition, issuers of high-yield debt at the lower end of the quality scale find receptive buyers when the market is strong. Doing so would spark complaints from investors that they are charging high-yield fees to manage money market funds." Reflecting the high-yield market's firmness, the iShares iBoxx $ High Yield Corporate Bond exchange-traded fund (HYG) and the SPDR Bloomberg Barclays High Yield Bond ETF (JNK) both ended Wednesday near their 52-week highs.
Investors have poured more than $100 billion into bonds this year. Fixed income experts believe a turnaround could be at hand.
Investors continue to shovel money into corporate bonds, squeezing the yield earned over Treasury bonds to fresh multi-year lows. The voracious buying of corporate bond funds has coincided with the latest ...
Even junk bond investors have had to get used to a low volatility year. In the two months ended September 21, the high yield option-adjusted spread moved only two basis points -- from 364 to 362, finds Marty Fridson, ...